Here’s what you should know for today.
1. China’s digital sales will surge
By 2020 this figure will have doubled to around $200 billion. Retailers and tourism operations globally have been rolling out the red carpet for Chinese shoppers over the past few years. Mobile-first means user-first Mobile is the most effective channel to reach Chinese shoppers abroad. The IAB reports that 47 percent of Chinese shoppers made purchases with a mobile wallet this year. Read the rest of the story here.
2. U-Freight welcomes call for global e-trading platform
The U-Freight Group has welcomed the call for the establishment of an electronic world trade platform (eWTP) whose objective would be to reduce barriers to make it easier for small and medium-sized enterprises to expand their trading capabilities worldwide. The call was made by Jack Ma. Read the rest of the story here.
3. Chinese parcel delivery carrier ZTO Express will test the investment world’s interest for ecommerce logistics.
With major parcel business for Alibaba and JD.com, and an operating profit margin of 25%. the company has big numbers behind its target price as it begins its investor road show this week for a planned IPO that would sell 72.1 million shares at $16.50-$18.50 apiece. Read the rest of the story here.